Bank of Ja­pan gets to grips with debt

The Bank of Ja­pan con­tin­ued its spend­ing spree on Ja­pan’s gov­ern­ment debt, al­though the pace of in­crease has slowed dra­mat­i­cally since the in­tro­duc­tion of yield-curve con­trol last Septem­ber. The cen­tral bank owned 39.5 per cent of Ja­pan’s bonds and trea­sury bills, up from 13.1 per cent when Haruhiko Kuroda took over as gover­nor in March 2013, ac­cord­ing to its quar­terly flow of funds statis­tics re­leased yes­ter­day.